Germany may provide financial support to Genting Hong Kong

Talks are getting underway between MV Werften and its owners Genting Hong Kong with the German federal and state government for the release of additional rescue funds to maintain work at the financially troubled shipyard group.

Germany Explores Rescue for Genting’s Shipyards (Maritime Executive)

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Genting chairman spending personal wealth to try to save Hong Kong firm

Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as collateral for loans, according to a report from Bloomberg. Lim’s personal wealth has already declined by more than half since the beginning of the year, according to the report, from about […]